History of the Nadra Bank

History of the Nadra Bank About the bank. Registered by the National Bank of Ukraine in October 1993. Initially focused solely on servicing the coal industry. In 1995, "Nadra" became a member of the first in the history of the domestic banking system to absorb the transaction which resulted in the annexation of Lugansk AB "Ugolprogressbank."Today, "Nadra" - commercial bank nationwide. One of the largest banks in Ukraine (according to NBU classification).Network. Base for customer service - about 700 branches and offices in different cities of Ukraine, 1000 ATMs, around 4500 multifunctional POS terminals. Total number of employees - about 9000.Services. "Nadra" offers a large collection of classic and modern banking services. Among positioned as unique - tariff packages. They include everything you need for an effective use of money: current, savings and deposit accounts, payment cards are free.Services provided to small and medium enterprises, including micro-finance, credit lines, overdrafts, private and corporate lending, debit card services, maintenance of current accounts, term deposits, cash management services. The Bank is involved in financing programs initiated by international financial institutions, which include the second EBRD credit line for small and medium-sized businesses and the World Bank - for micro-, small-and medium-sized businesses.Services provided to corporate customers include financing (trade, structural, design, leasing, working capital, other loans), deposits, cash management, maintenance of accounts, corporate cards, securities trading, etc.Shareholders. 89.97% of the share capital of the bank owned by Centragas Holding GmbH, owned by businessman Dmitry Firtash.Investment. Despite the fact that the bank's management made a strategic decision to focus on banking, was also determined that shareholder value can be increased by investing in long-term non-bank financial services and real estate. As a result, the creation of several funds managed by independent asset management companies (AMCs), which make recommendations on investments in and out of investments.The investment policy of the bank "Nadra" provides rate of return on investment (IRR) of not less than 25%. Long-term investment of several years.Currently, the fund's portfolio includes companies that provide services for retail lending, risk insurance, leasing and life insurance. Key: consumer finance company "Dogma Ukraine", the leasing company "Eurofinance"; insurance company "Investservice."Despite the fact that all companies operate independently from the bank "Nadra" working with them in the cross-selling of products (through its regional network, and through the regional network of companies).Membership in organizations. Bank "Nadra" is a member / partner:- AUB;- Association "Kiev Bank Union";- Ukrainian National Mortgage Association;- First Stock Trading System (PFTS);- Ukrainian Interbank Currency Exchange (Interbank Currency Exchange);- Ukrainian Stock Exchange;- JSC "Interregional Stock Union";- "VISA International" (principal member);- "MasterCard Europe S.A." (Principal member);- Ukrainian Interbank Payment Systems Member Association "EMA";- "Union Card" (agent for cash on delivery);- "Diners Club" (agent for cash on delivery);- "American Express" (official dealer);- Deposit Guarantee Fund of individuals;- "Travelex Global and Financial Services Limited" (agent);- "Travelex Money Transfer" (agent);- "Western Union" (partner).taken from file.liga.neGeneral. After the release of Ukraine from the Soviet Union broke away from the Savings Bank of the USSR. In December 1991, registered by the National Bank of Ukraine, called "dominant spetsіalіzovany komertsіyny Savings Bank of Ukraine". In 1999, renamed to JSC "dominant Savings Bank of Ukraine" (abbreviated - "Oschadbank").Has the largest network of institutions (over 6.1 million), which serve customers in all regions of the country. It employs almost a quarter of the bank personnel in Ukraine."Oschadbank" - the only bank, which according to the Law "On Banks and Banking Activity" has a government guarantee on deposits.Services. "Oschadbank" specializes in providing services for corporate clients and individuals. The services for legal entities include: client-bank, lending, depository services custodian, financing foreign trade operations, services on placement of funds; deposit; operations with precious metals, collection, etc.Bank offers to individuals opening deposits in national and foreign currencies, cash management services, loans for housing, cars, durable goods, transfer of cash and deposits, payment of salaries, pensions, sotspomoschi, the production and maintenance of payment cards VISA and MasterCard, and so etc.Indicators. Share capital - 722 mln.Total assets of the bank in the first nine months of 2007 increased by more than 5.5 billion UAH. on October 1, was 17.1 milliard. The volume of earning assets reached 11.7 billion UAH. (69% of net assets). Loan portfolio in the first nine months of this year increased by 3.7 billion UAH. on October 1, was equal to 10.1 milliard. During the reporting period involved "Oschadbank" individuals' funds increased by 2.1 billion UAH. and accounted for 9.5 billion UAH.In the first three quarters of this year profit "Oschadbank" totaled 171 mln. (Almost 39% more than in the corresponding period of 2006). All bank branches are profitable.2006 "Oshchadbank" received 145 mln. income (7.2 times more than the year before).Property. "Oschadbank" 100% state-owned. Periodically, talk about the need of privatization financial institution. So, according to "Economic News", the Yulia Tymoshenko Bloc, which may soon form a governing coalition, said that "Oschadbank" cost to sell (in particular, for the payment of savings depositors affected Sberbank of the USSR), and there are large foreign banks who agree to pay for a $ 4.5 billionIn turn, the opponents of this method of calculation of the "Soviet" investors believe that the proceeds from the privatization of "Savings Bank" is still not enough at all. And if the privatization is rapidly pour billions into the economy, such a move will result in a rapid rise in inflation.taken from http://file.liga.net